Globavend Holdings Ltd.
We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Globavend HK. Since June 2023, we have established our principal executive office in Perth, Australia. (Incorporated in the Cayman Islands)
Founded in 2016, we are an emerging e-commerce logistics provider providing end-to-end logistics solutions in Hong Kong, Australia and New Zealand. Our business spans Hong Kong, 4 cities in Australia and in New Zealand through our own business presence and the presence of our service providers. Our customers are primarily enterprise customers, being e-commerce merchants, or operators of e-commerce platforms, in providing business-to-consumer (B2C) transactions.
As an e-commerce logistics provider, we provide integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where we provide customers with a one-stop solution, from pre-carriage parcel drop off to parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery. We rely our own proprietary all-in-one shipping solution, which has been or can be connected to the customer’s own IT systems (such as enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, booking management systems or point of sale (POS) systems) on one end and the transportation management systems (TMS) of our ground transportation service providers on the other end, to facilitate effective logistics management.
*Note: Net income and revenue are for the 12 months that ended March 31, 2023.
(Globavend Holdings Ltd. downsized its IPO at pricing by 20 percent to 1.5 million shares – down from 1.875 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $6.0 million on Nov. 7, 2023. Background: Globavend Holdings Ltd. filed its F-1 and disclosed terms for its IPO on Aug. 23, 2023.)
|Industry:||Logistics - Arrangement of Freight & Transportation|
|Address||Office 1401, Level 14, 197 St Georges Tce, Perth, WA 6000, Australia|
|Phone Number||+61 08 6141 3263|
|View Prospectus:||Globavend Holdings Ltd.|
|Revenues||$19.62 mil (last 12 months)|
|Net Income||$0.87 mil (last 12 months)|
|Price range||$4.00 - $4.00|
|Est. $ Volume||$6.0 mil|
|Manager / Joint Managers||R.F. Lafferty & Co.|
|Expected To Trade:||11/8/2023|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|